Ensco Is Trading in the Green after Three Years



Ensco’s stock performance

Ensco (ESV) stock had a really bad patch for three years. The stock fell almost 95% in 2015. The stock’s value fell 36% in 2016 and more than 39% in 2017. Ensco stock is finally trading in the green in 2018. As of July 24, Ensco has a YTD (year-to-date) return of 14.2%. The stock has risen 25% in the past year.

Currently, Ensco is trading 15.5% lower than its 52-week high and 64.6% higher than its 52-week low.

The Dow Jones Industrial Average (DIA) has risen 1.6% since the beginning of the year. The SPDR S&P 500 ETF (SPY) has risen 5% during the same period.

On a YTD basis, Ensco has outperformed the broad market indexes. Now, we’ll see how Ensco performed compared to its peers and the oilfield equipment and services industry.

Below are the YTD returns of other offshore drillers on July 24:

  • Transocean (RIG) rose 18.35%.
  • Noble (NE) rose 25.4%.
  • Diamond Offshore (DO) fell 2.15%.
  • Rowan Companies (RDC) fell 9.2%.
  • Seadrill Partners (SDLP) fell 2.19%.
  • Seadrill (SDRL) fell 69.7%.

The Energy Select Sector SPDR ETF (XLE) has risen 3.18%. The VanEck Vectors Oil Services ETF (OIH) has fallen 4.14% since the beginning of 2018.

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Series overview

Next, we’ll see what analysts expect from Ensco’s second-quarter results. In this series, we’ll discuss Ensco’s latest fleet status report and analysts’ recommendations and technical indicators for Ensco.


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